Form 4: Aon plc Director Jose Antonio Alvarez Reports Changes in Beneficial Ownership

Director Jose Antonio Alvarez reports acquisition and disposal of Aon plc Class A Ordinary Stock on June 20, 2024, due to annual share grants and tax withholdings.

Summary

• On June 20, 2024, Jose Antonio Alvarez, a director of Aon plc, reported changes in beneficial ownership of Class A Ordinary Stock.
• Alvarez acquired 759 shares as part of an annual grant to non-employee directors, paying a nominal value of US $0.01 per share.
• The director also disposed of 364.308 shares to cover tax obligations related to the share award at a price of $296.59.
• Following these transactions, Alvarez directly owns 535.612 shares of Aon plc Class A Ordinary Stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to director compensation and tax obligations, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to director compensation and tax obligations, common in publicly traded companies. It reflects standard practices for compensating non-employee directors with equity.

Comparison to Industry Standards

• Equity grants to non-employee directors are a common practice among publicly traded companies, including Aon's peers in the insurance and financial services industries.
• Companies like Marsh & McLennan Companies and Willis Towers Watson also utilize equity-based compensation for their directors.
• The specific amount and vesting schedules of these grants can vary based on company size, performance, and board compensation policies.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors, as they relate to director compensation.

Key Dates